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Glossary / O

OTC execution

Over-the-counter execution through an agreed counterparty arrangement rather than a public order-book interaction.

Sheet
069
Section
Glossary
Instrument
Star chart
Edition
12 · XI · 2026

Over-the-counter execution through an agreed counterparty arrangement rather than a public order-book interaction.

What the term does and does not tell you

Check the actual contract: principal or agency role, quote validity, amount, settlement instructions and fees. A bespoke quote does not remove counterparty, operational or permission checks.

Use it in the working file

Record the actual entity, asset, service and date alongside the term. A label alone is not an eligibility decision or a complete description of legal rights.

Sources & scope

Research snapshot: 12 November 2026. The dated rule, its scope and the legal entity matter. Open the primary source before acting.

  1. EUR-Lex: Regulation (EU) 2023/1114 — Markets in Crypto-AssetsEU legislation
  2. ESMA: MiCA implementation and the central registerRegulator register and guidance

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